Can I retire at age 55 with 389,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $389,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$32,123$31,837$31,558$31,285$31,019$30,619
2 years$15,903$15,606$15,319$15,041$14,771$14,368
3 years$10,496$10,199$9,913$9,637$9,371$8,979
4 years$7,794$7,497$7,214$6,943$6,684$6,304
5 years$6,173$5,878$5,598$5,333$5,081$4,716
6 years$5,092$4,800$4,524$4,265$4,020$3,670
7 years$4,321$4,031$3,760$3,506$3,270$2,934
8 years$3,743$3,455$3,188$2,941$2,712$2,391
9 years$3,293$3,008$2,746$2,505$2,284$1,978
10 years$2,934$2,652$2,394$2,160$1,946$1,654
11 years$2,640$2,361$2,108$1,880$1,674$1,396
12 years$2,395$2,119$1,871$1,649$1,451$1,186
13 years$2,188$1,915$1,671$1,455$1,265$1,014
14 years$2,011$1,741$1,502$1,292$1,109$871
15 years$1,858$1,590$1,356$1,152$976$751
16 years$1,723$1,459$1,229$1,032$863$650
17 years$1,605$1,343$1,119$927$765$564
18 years$1,500$1,241$1,021$835$680$491
19 years$1,406$1,151$935$755$606$428
20 years$1,322$1,069$858$684$542$374
21 years$1,246$996$789$620$485$327
22 years$1,177$930$727$564$434$286
23 years$1,114$869$672$514$390$251
24 years$1,056$815$621$469$351$220
25 years$1,003$764$575$428$315$194
26 years$954$718$533$391$284$170
27 years$909$676$495$358$256$150
28 years$867$637$461$328$231$132
29 years$828$601$429$301$209$116
30 years$792$568$399$276$189$102
31 years$758$537$372$254$170$90
32 years$726$508$347$233$154$80
33 years$697$481$324$214$140$70
34 years$669$456$303$197$126$62
35 years$643$432$283$182$114$55
36 years$618$410$265$167$104$48
37 years$594$390$248$154$94$43
38 years$572$370$232$142$85$38
39 years$552$352$218$131$77$33
40 years$532$335$204$121$70$29
41 years$513$319$191$111$64$26
42 years$495$304$179$103$58$23
43 years$478$289$168$95$52$20
44 years$462$276$158$88$48$18
45 years$447$263$148$81$43$16
46 years$432$251$139$75$39$14
47 years$418$239$131$69$36$12
48 years$405$229$123$64$32$11
49 years$392$218$116$59$29$10
50 years$380$209$109$55$27$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $389,000, adding $4,152 every year, while hoping to spend $29,630 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 25/49/26 Blend
54$389,000$389,000$389,000$389,000
55$432,961$412,344$406,314$440,161
56$445,597$401,023$388,400$435,094
57$458,528$388,153$368,892$426,858
58$471,755$373,629$347,706$417,403
59$485,274$357,337$324,754$406,647
60$499,082$339,157$299,944$394,503
61$513,174$318,961$273,177$380,877
62$527,543$296,616$244,355$365,673
63$542,183$271,980$213,371$348,787
64$557,081$244,903$180,115$330,110
65$572,227$215,227$144,472$309,525
66$587,605$182,784$106,322$286,910
67$603,197$147,396$65,540$262,137
68$618,982$108,878$21,995$235,067
69$634,937$67,032$0$205,557
70$651,033$21,649$0$180,243
71$667,238$0$0$159,127
72$683,514$0$0$150,792
73$699,820$0$0$154,103
74$716,106$0$0$157,370
75$732,317$0$0$160,579
76$748,392$0$0$163,711
77$764,261$0$0$166,745
78$779,843$0$0$169,658
79$795,050$0$0$172,424
80$809,781$0$0$175,014
81$823,924$0$0$177,396
82$837,354$0$0$179,534
83$849,929$0$0$181,387
84$861,492$0$0$182,910
85$871,869$0$0$184,054
86$880,863$0$0$184,763
87$888,256$0$0$184,976
88$893,806$0$0$184,623
89$897,243$0$0$183,629
90$898,266$0$0$181,909
91$896,544$0$0$179,369
92$891,706$0$0$175,906
93$883,341$0$0$171,404
94$870,994$0$0$165,736
95$854,161$0$0$158,760
96$832,282$0$0$150,321
97$804,738$0$0$140,245
98$770,843$0$0$128,341
99$729,837$0$0$114,397
100$680,880$0$0$98,179